John Murphy has resigned as president of MassMutual Institutional Funds of Boston to join OppenheimerFunds of New York as president and chief operating officer. This is a new position and is part of a new management structure to align Oppenheimer's mutual fund and retirement businesses, said Bridget Macaskill, Oppenheimer chief executive officer, in a statement.

Michael Leverone has joined Delaware Investments of Philadelphia as vice president of client services for sub-advisory services aimed at the offshore market. Leverone was previously vice president for global financial markets at State Street of Boston.

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